BTC / USD
Yesterday morning, buyers retraced the BTC price to the hourly EMA55 area and this moving average kept the pair’s recovery in a narrow sideways range until the evening. At the end of the day, the bulls managed to break through the resistance of the average price level and continue to rise above the level of 36,000.00 USD.
Buyers achieved a re-test of USD 38000.00 resistance tonight, which halted the dynamic recovery of the pair. In the morning, a slight pullback to the 36000.00 USD area is expected, but if this level acts as a support, the bulls will be able to continue recovering to the resistance area of 40,000.00 USD.
ETH / USD
Yesterday, the Ether traded at medium volumes and the pair could not overcome the resistance of the hourly moving average EMA55 until the evening, moving sideways. Late in the evening, the bullish momentum of the cryptocurrency flagship pushed the prices of liquid altcoins above the average price level.
Over the past night, the ETH / USD pair tested the resistance of 1150.00 USD and rolled back slightly in the morning. We believe that today the EMA55 will keep the price from a deep pullback, and the recovery will continue to the 1200.00 USD mark.
XRP / USD
Yesterday XRP price consolidated in a sideways channel of $ 0.280 – $ 0.310. After retesting the upper border of the channel, the pair returned to the support of 0.280 USD. Trading volumes for Ripple are gradually decreasing, and today the movement in the indicated sideways direction will continue.
* All prices are based on BitStamp data
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